Is it a good idea to invest in a 4-bed Victorian house in Sydenham?
Answer:
Yes Sydenham would be a good investment, it has some good schools and house prices will rise with extensions to the Tube line, it will make alot more sense for people who say work in Canary Wharf to use the tube rather than the existing train line.
Its a nice area anyway.
Good Luck
All changed in 1852 when the Directors of the Railway company had the bright idea of buying and moving The Crystal Palace built by Sir Joseph Paxton for the Great Exhibition in 1851 from Hyde Park to Sydenham. Their idea was to encourage Londoners to take a day out 'in the country' to visit the new enlarged Crystal Palace set in its own pleasure gardens complete with pools, fountains and even a Dinosaur Theme Park. A sort of combination of Disneyland and Jurassic Park!
This would increase traffic on the trains, they could charge for a wide range of entertainments and even benefit from development of a suddenly fashionable area around Lawrie Park and Newlands Park. The houses got progressively smaller towards Lower Sydenham and Bell Green, site of one of London's major gas works.
The population grew from 2,800 in 1841 to 4,500 (1851), 10,595 (1861), 20,000 (1871) and around 40,000 by 1900.
In 1871 Sydenham was imortalised in the works of the exiled Camille Pissarro - the most famous of which, a view along Lawrie Park Avenue towards St Bart's Church, now hangs in the National Gallery.
The Beast of Sydenham, as of 25 March 2005, is a large, panther-like black animal which has been spotted around the area, and attacked a man. [1] (BBC Article) , [2] (from The Guardian)
All depends on wether the Olympic City is built on time or not - Plus they may have soo much extra housing available on these new Grant schemes there will end up being loads of exess cheap housing. Buy your Home anyway..your bound to make a few grand from it for sure.
Ok so thinking long-term is good but think short-term as well. The questions: Is this a bargain house now? (what have similar houses sold for recently & do they sell quickly) or does it have potential for development - refurbsihment - more bedrooms - modernisation - extensions. If the answers are no think very carefully.
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